Presold Homes definition

Presold Homes. The sum of all Advances and Reserved Allocations committed but not disbursed for said Homes shall not exceed the lesser of (i) ninety percent (90%) of Total Project Costs, or (ii) eighty percent (80%) of the Base Appraisal for said Homes, subject to Lender’s approval.
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Presold Homes. The sum of all Advances and Reserved Allocations committed but not disbursed for said Homes shall not exceed the lesser of (i) ninety percent (90%) of Total Project Costs, or (ii) eighty percent (80%) of the Base Appraisal for said Homes, subject to Lender's approval.
Sample 1

Examples of Presold Homes in a sentence

  • Pursuant to Section 4.3 of the Loan Agreement, Borrower hereby requests that the portion of the Land consisting of [ ] Lots Under Development, [ ] Finished Lots, [ ] Model Homes, [ ] Spec Homes and/or [ ] Presold Homes be included in the Borrowing Base.

  • Presold Homes Project 1 $ 0 $ 0 $ 0 Project 2 $ 0 $ 0 $ 0 Project 3 $ 0 $ 0 $ 0 Project 4 $ 0 $ 0 $ 0 Project 5 $ 0 $ 0 $ 0 Project 6 $ 0 $ 0 $ 0 SUB-TOTAL $ 0 $ 0 $ 0 Y.

  • Notary public ( ) STAMP 911 Bail Bond 2971 Sammy Davis Jr. Drive STE 118 Las Vegas, Nevada 89109PH.702-489-3000 FAX 702-489-3003nineoneonebail@yahoo.comINDEMNITOR/GUARANTORCHECKLISTFINANCIAL CASUALTY & SURETY, INC.

  • Sod in these locations do not appear to be currently included the Summary of Perform Turf SQ sheets.

  • Borrower shall provide Lender with a description of the type of Home to be constructed with the requested Home Loan (Presold Homes, Model Homes or Spec Homes), and Home Descriptions.

Related to Presold Homes

  • Manufactured home means a structure, transportable in one or more sections, which is built on a permanent chassis and is designed for use with or without a permanent foundation when attached to the required utilities. The term "manufactured home" does not include a "recreational vehicle".

  • funeral home means a building or structure with facilities for the preparation of dead persons for burial or cremation, for the viewing of the body and for funeral services;

  • Townhouse means a building, other than a plex, stacked townhouse or apartment building, containing at least 3 dwelling units, each dwelling unit separated vertically from the other by a party wall and each dwelling unit having a separate entrance to grade;

  • Timber means forest trees, standing or down, of a commercial species, including Christmas trees. However, "timber" does not include Christmas trees that are cultivated by agricultural methods, as that term is defined in RCW 84.33.035.

  • Cemetery means 1 or a combination of more than 1 of the following:

  • Housing Unit means a single-family dwelling (where construction has commenced), whether detached or attached (including condominiums but excluding mobile homes), including the parcel of land on which such dwelling is located, that is or will be available for sale by the Borrower or a Guarantor. The construction of a Housing Unit shall be deemed to have commenced upon commencement of the trenching for the foundation of the Housing Unit. Each “Housing Unit” is either a Presold Unit, a Spec Unit or a Model Unit.

  • Nursing home means that term as defined in section 20109 of the public health code, 1978 PA 368, MCL 333.20109.